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FREDDY’S - NACOGDOCHES, TX 3720 North St 3,148 SF Retail Building Nacogdoches, TX 75965 $3,391,000 ($1,077.19/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Freddy’s has 19 Years Remaining on initial 20-year Absolute NNN leasewith attractive 7.00% rental escalations every 5 years
- Constructed to Freddy’s latest prototype - opened in October 2023.
- HIGH TRAFFIC COUNTS/VISIBILITY - Situated on a large ±2.17-acre lot (across the street from AMC Theatre Anchored Retail Center)
- OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 74 locations which includes 39 Freddy’s restaurants, making it the 7th largest Freddy’s in US
- Located in dominant retail corridor less than one mile from main entrance into Stephen F. Austin University!
- 2023 VERY AFFLUENT Demographics: 2023 Population: 36,196 & 2023 Average Household Income: $78,092
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Freddy grew up on a farm near Colwich, Kansas, just outside of Wichita. After finishing high school, Freddy enlisted in the U.S. Army, serving in the Pacific Rim region during World War II. A self-proclaimed “regular guy”, he was awarded the Purple Heart for injuries sustained during service, as well as a Bronze Star for valor. Freddy then returned to Kansas, started a family, worked hard in the hospitality industry for 56 years, and raised six children with his wife, Norma Jean. Freddy's family values and patriotic service to his country is the foundation of Freddy's Frozen Custard and Steakburgers®, and these values have inspired them to do everything The Freddy's Way.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26420 | Improvements Assessment | $684,904 |
| Land Assessment | $362,390 | Total Assessment | $1,047,294 |
PROPERTY TAXES
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FREDDY’S - NACOGDOCHES, TX | 3720 North St
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